The Monarch is a highly anticipated addition to the competitive upscale rental market in suburban Chicago.
The northwest suburb of Des Plaines maintains an average occupancy rate of over 96%, yet currently lacks the high-end amenities of nearby markets. Residents of The Monarch will enjoy high-end finishes with competitive pricing in a ripe location.
With unbeatable access to O’Hare International Airport, the Magnificent Mile, and corporate employers, Covington anticipates a quick lease-up and projects a stabilized yield on cost of over 7%.
Location: Des Plaines, IL